https://www.taxtmi.com/caselaws?id=23188 The HC concluded that Section 44C of the Income-tax Act, 1961, does not apply to the non-resident company, as its business operations were entirely in India. Consequently, the Tribunal's decision to disallow a portion of the head office expenditure was overturned. The court ruled in favor of the assessee, stating no disallowance could be made under Section 44C. No order as to costs was issued. en-us Fri, 25 Aug 1989 00:00:00 +0530 Mon, 18 Mar 2024 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23188 The HC concluded that Section 44C of the Income-tax Act, 1961, does not apply to the non-resident company, as its business operations were entirely in India. Consequently, the Tribunal's decision to disallow a portion of the head office expenditure was overturned. The court ruled in favor of the assessee, stating no disallowance could be made under Section 44C. No order as to costs was issued. Case-Laws Income Tax Fri, 25 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23188